Gold One to wait longer for Ezulwini
Gold One International’s acquisition of First Uranium's Ezulwini will take a month longer than initially planned and is now due to be finalised by July 31.
AngloGold cuts output, spend, impairs $2.6bn
AngloGold responded sweepingly to a $220/oz fall in the average gold price cutting output 300,000 oz, lopping project spend, and booking a $2.6bn impairment.
CoM to pop wage dispute with profit share
The Chamber of Mines has now lifted its basic pay offer 1.5% to 5.5% for gold industry members to which it has added a profit share mechanism.
AngloGold dividend muted amid $1.9bn outlay
At the risk of disappointing investors, AngloGold's Mark Cutifani kept to his promise
of a 13 US cents and supported the decision with a $1.9bn, 500,000 oz/year
production expansion strategy.
Ghana tax hikes ‘deep concern’: Gold Fields
Gold Fields CEO Nick Holland says he is concerned about Ghana's move to increase corporate taxes on the mining sector to 35% from 25%.
Village Main mulls over R413m cash windfall
Village Main Reef is weighing up options on what to do with its R413m-odd
windfall from the sale of First Uranium’s assets. Talks over a R1bn offer
for Tau Lekoa have also gone nowhere.
Gold producers, unions to resume talks
Gold mine workers and producers are to resume wage talks aimed at ending a strike that is costing the companies up to $25 million a day in lost output.
How to invest in gold
The Eurozone crisis, additional monetary easing in the US, and the threat of strikes in South Africa's gold industry has finally convinced you to get into the yellow metal. Here's how.
Gold retreats as worries subside
Gold has fallen more than 1% to $1,874.39, as worries over a possible recession retreated.
First Uranium extends Ezulwini deal date
First Uranium says it has extended the deadline for entering into a deal with Gold One International on the sale of Ezulwini gold and uranium mine.